Summary

A 900 MW (ISO) two-phase natural gas combined-cycle plant in Takoradi, supplying ECG under a 20-year capacity-and-energy PPA signed 8 November 2024. The tariff blends a fixed capacity charge with a gas-indexed energy charge (US CPI and PURC weighted average gas cost), with a take-or-pay obligation and FX pass-through. Change-in-law risk is borne by ECG.

Key terms

Offtaker

Electricity Company of Ghana (ECG)

Signing date

2024-11-08

Financial close

—

Commercial operation

—

Contract end

—

Contract duration

20 years

Contract status

Active

Tariff structure

Capacity + Energy

Capacity charge

—

Energy charge

—

Key risk features

Take-or-pay Currency indexation Change-in-law protection Termination compensation

Indexation formula

US CPI-U annual escalation on O&M components; fuel component tracks PURC's weighted average cost of gas; USD tariff paid in cedis with an FX adjustment reconciling AKSA's actual conversion gains or losses (incl. hedging costs).